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Construction Management Act as lead contractor on new developments Efficiencies in development costs through control of supply chain, increased risk Undertake construction activities for parent Internal / External? Skills gap or market purchase? Purchase may bring added benefits? Could outsource if successful Who else is doing this - L&Q (£50M), Hyde (£15M)

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Cost sharing Groups Vehicle to recover VAT on: procurement of goods / services Include overheads (legal, staffing resources) Must be a separate legal entity VAT recovered through supply of services Scale needs to be considered